Vice President Dr Mahamudu Bawumia says government policies aimed at stabilising the cedi have brought some relief to investors and business owners.
He said contrary to criticisms that the first 100 days of the government have been marked by wrong calls on the economic front, there is evidence of progress such as a stable local currency that has brought some relief to investors and business owners.
“We have arrested the cedi from running” he said at Joy News’ 100 days Town Hall on Monday at the New Court Complex in Accra.
The local currency has appreciated by some 0.41 percent since the beginning of the year, selling at GH¢4.16 to the dollar among commercial banks as Wednesday April 12, 2017 – the local currency’s best performance against the U.S dollar on the last trading day in December 2016.
However, Dr Mahamudu Bawumia maintained that the Nana Akufo-Addo-led administration in 100 days has accomplished what detractors thought could not be achieved.